Corporate Governance and Financial Performance Nexus: Any Bidirectional Causality?
Most studies on corporate governance recognize endogeneity in the nexus between corporate governance and financial performance. Little attention has, however, been paid to the direction of causality between the two phenomena, and hence the Vector Error Correction (VEC) model, which allows for endoge...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Sciendo
2016-06-01
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Series: | International Journal of Management and Economics |
Subjects: | |
Online Access: | https://doi.org/10.1515/ijme-2016-0013 |